Berry Co. (NASDAQ:BRY) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its stake in Berry Co. (NASDAQ:BRY) by 94.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,148,446 shares of the energy company’s stock after purchasing an additional 557,842 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Berry were worth $4,743,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BRY. Barclays PLC increased its holdings in Berry by 155.2% in the 3rd quarter. Barclays PLC now owns 200,120 shares of the energy company’s stock valued at $1,029,000 after purchasing an additional 121,693 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Berry by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 269,502 shares of the energy company’s stock valued at $1,385,000 after buying an additional 4,686 shares during the period. Wedge Capital Management L L P NC boosted its position in Berry by 29.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 102,185 shares of the energy company’s stock valued at $422,000 after buying an additional 23,266 shares during the period. SG Americas Securities LLC boosted its position in Berry by 54.2% in the 4th quarter. SG Americas Securities LLC now owns 41,475 shares of the energy company’s stock valued at $171,000 after buying an additional 14,579 shares during the period. Finally, R Squared Ltd purchased a new position in Berry in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 94.88% of the company’s stock.

Berry Stock Performance

Shares of BRY stock opened at $2.98 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.54. Berry Co. has a 52 week low of $2.11 and a 52 week high of $7.33. The stock has a market capitalization of $231.24 million, a PE ratio of 2.76 and a beta of 1.15. The firm has a 50 day moving average of $2.82 and a two-hundred day moving average of $3.82.

Berry (NASDAQ:BRY) last issued its quarterly earnings results on Thursday, May 8th. The energy company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Berry had a net margin of 9.40% and a return on equity of 6.50%. The company had revenue of $182.65 million during the quarter, compared to analysts’ expectations of $177.00 million. On average, research analysts predict that Berry Co. will post 0.58 EPS for the current fiscal year.

Berry Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, May 19th will be given a $0.03 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 4.03%. Berry’s dividend payout ratio is presently -25.53%.

Berry Company Profile

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.